Victory Capital Management Inc. Has $20.66 Million Holdings in Virtus Investment Partners, Inc. (NASDAQ:VRTS)

Victory Capital Management Inc. trimmed its stake in Virtus Investment Partners, Inc. (NASDAQ:VRTS) by 5.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 93,648 shares of the closed-end fund’s stock after selling 4,978 shares during the period. Victory Capital Management Inc. owned about 1.33% of Virtus Investment Partners worth $20,657,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. QRG Capital Management Inc. grew its position in shares of Virtus Investment Partners by 11.9% in the 3rd quarter. QRG Capital Management Inc. now owns 1,174 shares of the closed-end fund’s stock valued at $246,000 after buying an additional 125 shares during the last quarter. MQS Management LLC acquired a new position in shares of Virtus Investment Partners in the third quarter worth approximately $227,000. Quest Partners LLC boosted its holdings in Virtus Investment Partners by 15.3% in the third quarter. Quest Partners LLC now owns 9,555 shares of the closed-end fund’s stock valued at $2,001,000 after acquiring an additional 1,268 shares during the last quarter. Intech Investment Management LLC increased its position in Virtus Investment Partners by 63.0% during the 3rd quarter. Intech Investment Management LLC now owns 1,452 shares of the closed-end fund’s stock valued at $304,000 after purchasing an additional 561 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Virtus Investment Partners by 6.9% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 255,536 shares of the closed-end fund’s stock worth $53,522,000 after purchasing an additional 16,586 shares during the last quarter. 80.52% of the stock is currently owned by institutional investors and hedge funds.

Virtus Investment Partners Stock Performance

Shares of Virtus Investment Partners stock opened at $176.36 on Wednesday. Virtus Investment Partners, Inc. has a 52 week low of $170.14 and a 52 week high of $263.39. The company has a quick ratio of 11.86, a current ratio of 11.86 and a debt-to-equity ratio of 0.27. The business has a 50 day moving average price of $197.54 and a 200-day moving average price of $213.12. The company has a market cap of $1.23 billion, a PE ratio of 10.44 and a beta of 1.49.

Virtus Investment Partners Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 14th. Investors of record on Wednesday, April 30th will be given a $2.25 dividend. This represents a $9.00 dividend on an annualized basis and a yield of 5.10%. The ex-dividend date is Wednesday, April 30th. Virtus Investment Partners’s payout ratio is currently 53.25%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on VRTS shares. Morgan Stanley reduced their price objective on shares of Virtus Investment Partners from $211.00 to $198.00 and set an “underweight” rating on the stock in a research note on Thursday, February 6th. Barclays cut their price target on shares of Virtus Investment Partners from $221.00 to $200.00 and set an “underweight” rating on the stock in a research report on Monday, February 3rd. Piper Sandler lowered their price objective on Virtus Investment Partners from $274.00 to $258.00 and set an “overweight” rating for the company in a research report on Tuesday, January 21st. Finally, StockNews.com upgraded Virtus Investment Partners from a “hold” rating to a “buy” rating in a research report on Monday, March 3rd. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and two have issued a buy rating to the company’s stock. According to data from MarketBeat, Virtus Investment Partners currently has an average rating of “Hold” and a consensus price target of $225.75.

About Virtus Investment Partners

Virtus Investment Partners, Inc is a publicly owned investment manager. The firm primarily provides its services to individual and institutional clients. It launches separate client focused equity and fixed income portfolios. The firm launches equity, fixed income, and balanced mutual funds for its clients.